can reduce and then -- one isthe deficit increasing the amount of revenue coming through tax policy, or reduce the amount of expenditures by cutting back on spending or some combination of those two. i believe that the most credible way is through what we call a balanced approach. >> republicans bicker of the john boehner, republican speaker of the house, says effective cuts are the way to sell the debt problem. >> rule against must solve this problem by getting the spending line down. the charts depict what i have said for long long time. why shouldn't have a spending problem that cannot be fixed with tax increases alone. this chart will look a lot worse. our kids and our grandkids are the ones who are going to suffer a cut washington was too shortsighted to fix the problem. the generation will suffer from this issue in the future. thef we don't solve problem, eventually they're going to cut more. >> we should invest in education. it has to be a continuing priority because number one, we owe it to the american people to make sure that each and attaincan obtain their full potential.